Minister Parks Tau to strengthen trade ties with India

TRADE, Industry, and Competition minister, Parks Tau, is set to lead a delegation to Mumbai and Delhi to strengthen trade relations and deepen economic ties between South Africa and India, while also exploring new markets.

- MASHUDU SADIKE

The visit, from August 25 to 29, is at the invitation of Indian Minister of Commerce and Industry, Shri Piyush Goyal.

Tau is also scheduled to attend and speak at the 20th India-Africa Conclave.

South Africa's economy is under severe pressure due to a 30% US tariff on its exports and existing domestic protectionism, stifling competition and this dual challenge puts jobs, economic growth, and investment at risk. Tau and the Minister of Agriculture John Steenhuisen recently indicated that they are exploring alternative trade partners to mitigate these impacts.

According to the High Commissioner of the Republic of South Africa to India, Professor Anil Sooklal, the relationship with India is not so much about alternatives but also to diversify, so the nation does not rely on one or two trade partners.

He said this diversification was crucial, especially in light of the recent tariff hikes imposed by the US on South African exports.